Egalet Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year 2018
For the six months, the company reported total revenue of $13,704,000 compared to $11,682,000 a year ago. Loss from operations was $25,287,000 compared to $42,414,000 a year ago. Loss before benefit for income taxes was $24,316,000 compared to $51,852,000 a year ago. Net loss was $24,316,000 or $0.48 per basic and diluted share compared to $51,852,000 or $2.06 per basic and diluted share a year ago.
For the year, the company expects total cash used in operating activities to be roughly $45 million.